June 13, 2024
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Water Treatment Chemicals Market Is Expected To Be Flourished By Increasing Fresh Water Demand

Water treatment chemicals are utilized for treatment of fresh water sources as well as wastewater from various end use industries and municipalities. These chemicals are used for coagulation, flocculation, disinfection, oxidation, and others in order to remove impurities from water bodies. Rising environmental concerns pertaining to fresh water scarcity have propelled the demand for efficient water treatment around the world. Water treatment chemicals find wide applications in municipal water treatment as well as industrial water & waste treatment in industries such as power, oil & gas, mining, chemical, food & beverage, and others.

The global water treatment chemicals market is estimated to be valued at US$ 40.53 Bn in 2023 and is expected to exhibit a CAGR of 7.6%  over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Dynamics

Increasing fresh water demand: Shortage of freshwater sources due to rapid urbanization and industrialization has boosted the demand for efficient water treatment solutions. According to United Nations, over 7 billion people could face water scarcity by 2025. This emerging fresh water crisis is expected to drive the demand for water treatment chemicals over the forecast period.

Technological advancements in water treatment: Advancements in water treatment technologies such as advanced oxidation processes, membrane separation processes, and others have increased the efficacy of water treatment. This has positively impacted the demand for high performance water treatment chemicals.

Segment Analysis

The water treatment chemicals market is dominated by the municipal sub-segment. Municipalities are responsible for supplying safe drinking water to many cities and towns which requires effective water treatment processes. Effective treatment of wastewater is also important before being released back into water sources. This makes municipal facilities one of the largest end-users of various chemicals used for coagulation, flocculation, disinfection and other processes. The growing world population is increasing the need for clean drinking water as well as treated wastewater, driving the demand from the municipal sub-segment.

PEST Analysis

Political: Stringent regulations regarding wastewater discharge and water quality standards across many countries are forcing industries and municipalities to invest more in water treatment. This is positively impacting the market.
Economic: Growth in industries like power generation, oil & gas, mining etc leads to increased demand for water. This encourages investments in water treatment projects and technologies, benefiting chemical manufacturers.
Social: Growing global population, urbanization and increasing concerns regarding clean water availability is creating more awareness about water conservation and management. This emphasizes the need for effective water treatment.
Technological: Advanced technologies like membrane filtration, UV disinfection etc are gaining adoption. New treatment chemical formulations suited for such technologies are expanding scope for market players.

Key Takeaways

The global Water Treatment Chemicals Market Share is expected to witness high growth over the forecast period of 2023 to 2030.

The key regions driving this market include Asia Pacific, North America and Europe. Asia Pacific region holds the largest market share currently attributed to factors like rapid industrialization and urbanization. Some of the key players operating in the water treatment chemicals market are Sisecam Group, Wuerttembergische Metallwarenfabrik AG (WMF), ARC International and Lenox Corporation.

Key players related content comprises: Key players operating in the water treatment chemicals market are Sisecam Group, Wuerttembergische Metallwarenfabrik AG (WMF), ARC International and Lenox Corporation. Sisecam Group commands a dominant market share backed by wide product portfolio and global presence. WMF is a leading German brand known for its water treatment system technologies.

1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it